Leo Almazora

Leo Almazora is the resident US news writer at InvestmentNews, a role he has held since February 2024. He covers a broad range of topics central to the financial advisory industry, including broker-dealer news, registered investment advisor (RIA) activity, advisor recruitment and moves, retirement planning, elder fraud, and wealth technology across the United States. Leo brings nearly a decade of financial journalism experience to his reporting, having developed deep expertise in equities, fixed income, mutual funds, exchange-traded funds (ETFs), alternative investments, and wealthtech through extensive conversations with portfolio managers, financial advisors, and industry executives.

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Leo Almazora
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How Tim Walz’s time in public service could reward him richly in retirement
RETIREMENT PLANNING AUG 23, 2024
How Tim Walz’s time in public service could reward him richly in retirement

The Minnesota governor’s tenures as a teacher, National Guard member, and elected official gives him a unique three-stream portfolio of pension income.

Sanctuary welcomes $400M breakaway group from Merrill
RIA NEWS AUG 23, 2024
Sanctuary welcomes $400M breakaway group from Merrill

Its network of entrepreneurial ex-wirehouse advisors continues to grow with the four-person team in North Carolina.

Raymond James recruits seasoned advisor in New Jersey
INDEPENDENT BROKER DEALERS AUG 23, 2024
Raymond James recruits seasoned advisor in New Jersey

The $140M advisor from Benjamin F. Edwards joins Raymond James Financial Services with around two decades of experience.

Barclays hammered with $1.25M fine over fingerprinting lapses
REGULATION, LEGAL & COMPLIANCE AUG 22, 2024
Barclays hammered with $1.25M fine over fingerprinting lapses

Finra has penalized the Wall Street brokerage for failures dating back to at least 2013 and involving thousands of its non-registered employees.

Barred broker faces 12-year sentence for defrauding Gold Star families
REGULATION, LEGAL & COMPLIANCE AUG 22, 2024
Barred broker faces 12-year sentence for defrauding Gold Star families

The ex-financial counselor for the US Army has been ordered to pay $1.4M for orchestrating a multimillion-dollar churning scheme.

Morgan Stanley’s Bloomer confirmed dead in superyacht tragedy
RIA NEWS AUG 22, 2024
Morgan Stanley’s Bloomer confirmed dead in superyacht tragedy

Authorities are continuing their efforts to investigate the disaster that took the life of the 70-year-old veteran leader.

Annuities post $109B sales record in Q2 as deferred annuities surge
LIFE INSURANCE AND ANNUITIES AUG 22, 2024
Annuities post $109B sales record in Q2 as deferred annuities surge

Indexed and structured products logged robust double-digit growth as fixed-rate annuities face challenges from declining rates, says new report.

SEC commissioner pans regulator’s latest pay-to-play order
REGULATION, LEGAL & COMPLIANCE AUG 22, 2024
SEC commissioner pans regulator’s latest pay-to-play order

The regulator’s “inquisition” against campaign contributions could have a chilling effect on political participation, the dissenting official warned.

RBC Wealth Management expands in Ohio with $693M team from Morgan Stanley
RIA NEWS AUG 22, 2024
RBC Wealth Management expands in Ohio with $693M team from Morgan Stanley

The wealth firm’s newest branch in Cincinnati is operated by a multi-generational team that includes a 29-year veteran advisor.

Raymond James continues RJA recruitment streak with Morgan Stanley tandem
RIA NEWS AUG 22, 2024
Raymond James continues RJA recruitment streak with Morgan Stanley tandem

The two advisors who reportedly managed over $360M extend the broker-dealer giant’s reach in Florida and Colorado.